Tuesday, July 14, 2020

Georgetown Appraisal Growth

As one might expect, the appraised value of property in the City of Georgetown continues to grow. Here are the uncertified numbers for the past year that Georgetown will use in their 2021 budget process.

Click image to enlarge

Over the last 5 years appraisal value has increased at a 8.41% compound annual rate. This is the total appraised value which includes existing as well as newly developed property.

Are there any bets that the city budget will increase at near the same rate? Time will tell as the budget process for 2021 starts in about two weeks.

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